Business Attorneys in Kalamazoo
YOUR BUSINESS. YOUR ESTATE. YOUR LAW FIRM.
Commercial Transactions. If you are purchasing or selling a business or an asset, it is important to get the advice you need from your business/corporate lawyer. In some cases, the first step will be drafting a letter of intent that identifies the common goals, thereby encouraging the parties to negotiate in good faith (the letter of intent will usually include a due diligence period prior to the sale, allowing for thorough confidential disclosures). Second, the initial purchase agreement is drafted and executed. The purchase agreement will lay out the business transaction through binding terms and conditions. Finally, the business lawyer will consider any outstanding issues or documents needed to close the sale.
Business/corporate lawyer for business formation. Keilen Law, PLC works with clients contemplating the type of business entity to form. There are several entities available, such as a C corporation, an S corporation, a limited liability company (LLC), a limited liability partnership (LLP), a general partnership, or a limited partnership. A business lawyer must consider several questions, including, but not limited to, the type and number of owners and or limited members. Prior to conducting business, business owners should organize/incorporate. Corporate formation protects the personal assets of the members or shareholders. For example, under MCL § 450.4501(4), members of an LLC are not liable for the entity’s debts and obligations. Prior to launching a new business, every business owner and or entrepreneur should meet with a business lawyer; every business owner should understand how to maintain the liability shield. In addition, during the formation stages, you should consider the anticipated business transactions, such as stock transfers, asset sales, real estate transfers and other commercial transactions. Planning for your business should be done with the assistance of a business/corporate lawyer who understands the nature of your business and the goals you have for it. Contact Keilen Law today to learn more about our corporate counsel services.